No matter your age or experience level, making the most of the stock market and investing with confidence are common goals for all investors. Many investors have a preferred methodology to guide their buying and selling decisions. One way to find winning stocks that align with your investing style is to use Zacks Style Scores, which rate stocks based on three popular investing types: value, growth, and momentum.
For growth investors, a company’s financial strength, overall health, and future outlook are key factors to consider. This is where the Growth Style Score comes into play, analyzing metrics like projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth potential.
One growth stock worth keeping an eye on is Centene (CNC). This well-diversified healthcare company focuses on providing services to government-sponsored healthcare programs, catering to under-insured and uninsured individuals through member-focused services. With a Zacks Rank #3 (Hold) designation, CNC boasts a Growth Style Score of A and VGM Score of A. Earnings are projected to grow by 1.1% year-over-year for the current fiscal year, with sales growth of 6.6%.
Analysts have revised their earnings estimate upwards for fiscal 2024, with the Zacks Consensus Estimate standing at $6.75 per share. Centene has a solid track record, with an average earnings surprise of 10.5%. The company has seen cash flow growth of 21% historically, and is expected to report a 3.1% expansion in cash flow this year.
Given its strong growth fundamentals, favorable Zacks Rank, and impressive Style Scores, CNC is a stock to consider adding to your investment watchlist. If you’re looking for more stock recommendations, download the 7 Best Stocks for the Next 30 Days from Zacks Investment Research.